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and as we mentioned, alcoa kicks off earnings season tomorrow. the alcoa c.e.o. joins us for an exclusive interview. >> tom: pump prices have hit a new record in california, climbing to $4.67 a gallon today, according to triple "a", but some cities are experiencing even higher prices. for drivers, the good news is prices are expected to fall, but california remains vulnerable to quick price hikes. refinery and pipeline problems have put the squeeze on supplies and california drivers. >> well its pretty crazy. >> i think it sucks. big time i mean its terrible" >> the went up pretty high from last week." >> they just jump them up real quick and then it takes forever to get them back down again it is pretty ridiculous. >> tom: today's average price in the state, $4.67 a gallon for regular unleaded. that's $0.50 higher than a week ago. $0.86 higher than the national average. wholesale gas prices fell today after california governor jerry brown yesterday eased the state's gas-blend requirements. the change allows refiners to start processing a less- expensive winter f
and as we mentioned, alcoa kicks off earnings season tomorrow. the alcoa c.e.o. joins us for an exclusive interview. >> tom: pump prices have hit a new record in california, climbing to $4.67 a gallon today, according to triple "a", but some cities are experiencing even higher prices. for drivers, the good news is prices are expected to fall, but california remains vulnerable to quick price hikes. refinery and pipeline problems have put the squeeze on supplies and california...
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however, alcoa reports after the bell. there was heavy call buying, so do not be surprised if we get a pop in alcoa after the bell tomorrow. liz: okay. david: good advice. thank you very much, mark. liz: thank you. david: appreciate it. shares of used car dealership car max rising today. let's go back to nicole petallides at the new york stock exchange for details in terms of why all this happened. nicole? >> reporter: it was an exciting day for carmax, it came in the number two, best performer on the s&p 500. as you noted, it was really jumping. let's see where it ended the day, up 9%, but at one point we saw this stock jumping over 13%. that was the most intraday, biggest move since june of 2009. all of this happening because you had one of the research reports, itg research, talked about accelerating revenue. and that's the sales numbers that are likely to come out are likely to be outpacing the analyst estimates s. so hearing positive comments from ifg. this report -- itg. certainly gave them a boost. carmax sells used
however, alcoa reports after the bell. there was heavy call buying, so do not be surprised if we get a pop in alcoa after the bell tomorrow. liz: okay. david: good advice. thank you very much, mark. liz: thank you. david: appreciate it. shares of used car dealership car max rising today. let's go back to nicole petallides at the new york stock exchange for details in terms of why all this happened. nicole? >> reporter: it was an exciting day for carmax, it came in the number two, best...
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Oct 8, 2012
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scott nations on the options desk, curious on the moves in term to s of alcoa. >> unfortunate alcoa is one of the first ones to announce every earning season, a little like new hampshire being the first presidential primary, not really that indicative. alcoa tends to be pretty -- bounce around pretty good on earnings, expecting almost 5%. the thing about alcoa, it is going to tell all of the other big industrials what they might expect this earnings season. i am a little surprised. i was the only one last week on the show who was bearish, if you listen to the preearnings announcements, it is just apocalyptic. i also think, pete mentioned the vix, i think 1511, where it closed today, actually means that people are way, way too complacent. they think the series of higher highs and higher lows in the s and ps will continue forever. i think some people are going to be really disappointed. >> they are complacent now, pete, but in terms of future months, approach the time where the fiscal cliff will be negotiated, do traders expect volatility to increase? >> slightly. if you go on the curve
scott nations on the options desk, curious on the moves in term to s of alcoa. >> unfortunate alcoa is one of the first ones to announce every earning season, a little like new hampshire being the first presidential primary, not really that indicative. alcoa tends to be pretty -- bounce around pretty good on earnings, expecting almost 5%. the thing about alcoa, it is going to tell all of the other big industrials what they might expect this earnings season. i am a little surprised. i was...
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we have alcoa coming out tomorrow after the bell. nicole: when you talk about tomorrow, we will kick off earnings season. alcoa obviously, does that first. what do you think the big picture is? >> historically, earning season had a little bit of a boost to our market. it is a bigger picture thing on a smaller scale. investors are able to see things move in forward. historically, we have seen the market move upward starting earning season. nicole: that is big picture for you there, tracy. we will see what we get delivered from these companies. obviously caught anyone of them can be a market mover. tracy: no offense to the bond market traders. we will see you in 15 minutes. great recession took its toll on 401(k)s, home prices, consumer prices. many baby boomers still rattled by the crisis. some are more concerned than others. gerri willis here with the details. i think we are all concerned. gerri: 60% of women are not confident about their financial future. when you look at those really worried about debt, 21% of women, 15% of men. so
we have alcoa coming out tomorrow after the bell. nicole: when you talk about tomorrow, we will kick off earnings season. alcoa obviously, does that first. what do you think the big picture is? >> historically, earning season had a little bit of a boost to our market. it is a bigger picture thing on a smaller scale. investors are able to see things move in forward. historically, we have seen the market move upward starting earning season. nicole: that is big picture for you there, tracy....
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Oct 8, 2012
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the aluminum company, ago co-a, -- alcoa, will kick things off. profits are expected to fall at united states companies to fall, it will be the worst profit performance since 2009. also a big anniversary, five years ago this week the dow hit a record high of 14165 less than a year before the financial crisis of 2008 hit. here's where we stand today. the dow is at 13610, after climbing 35 points and trading friday. nasdaq was down by 13, s & p 5 4u7b down -- s & p 500 down a half point. >>> a power failure at a plant and a pipe line shut down led to supply shortages on the west coast for gas. average price for a gallon of gas in california $4.49. that makes it the highest in the nation. in many parts of the state prices climbed 40 cents a gallon in the last week alone. here in the dc area, this actually feels good in comparison. we are paying $3.73 for gas. >>> and it costs more to get a higher education this year. new data showed tuition and fees at private colleges and universities rose 3.9%. the good news, this year's increase in private college
the aluminum company, ago co-a, -- alcoa, will kick things off. profits are expected to fall at united states companies to fall, it will be the worst profit performance since 2009. also a big anniversary, five years ago this week the dow hit a record high of 14165 less than a year before the financial crisis of 2008 hit. here's where we stand today. the dow is at 13610, after climbing 35 points and trading friday. nasdaq was down by 13, s & p 5 4u7b down -- s & p 500 down a half point....
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alcoa kicks it off but that stock's been range bound 9 to 10. we'll look at consumer staples, costco, maybe jpmorgjpmorgan. >> some people are expecting us to do a lot better in the fourth quarter. are thee in an earnings trough of some kind in is this the bottom or are we going to start seeing improvement? >> i'm probably more negative than most. some of the bellwethers, fedex, caterpillar. that's affected their stocks. it hasn't taken too much out of them in the bigger picture. if they can come out and beat this market could really go higher toward the end of the year. >> i think there's already a lot of negative sentiment priced into the market here. >>> to the nasdaq now where bertha coombs is following the big movers. >> some of the big movers do not have enough market cap heft to really move the nasdaq higher. netflix up 10.5% on that upgrade from norman stamorgan stanley. amazon modestly positive today. interestingly today the big downward drawdown is coming from google and apple, responsible for about 40% of the negativity. apple reporte
alcoa kicks it off but that stock's been range bound 9 to 10. we'll look at consumer staples, costco, maybe jpmorgjpmorgan. >> some people are expecting us to do a lot better in the fourth quarter. are thee in an earnings trough of some kind in is this the bottom or are we going to start seeing improvement? >> i'm probably more negative than most. some of the bellwethers, fedex, caterpillar. that's affected their stocks. it hasn't taken too much out of them in the bigger picture. if...
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Oct 8, 2012
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alcoa particularly is very interesting because of their subsegment, auto, aero, packaging, truck, all of these are very, very important data points we'll get tomorrow and i think -- kyle does an amazing job of giving detail. that's the conference call you want to listen to. >> alcoa set the tone for this past earning season, came in better than expected, earnings ended up being pretty strong. so it really does have a huge impact, guys, simon baker how do you read this >> i was listening to steve. hit it just past the women's team. the companies pre-announced disappointing earnings. it's an opportunity to joe's point to select a certain sectors. we like cyclicals. you have a good opportunity to going. safeway is a good example, report earnings on thursday, 30% short. it's overdone. you can buy safeway going inattorney general's. >> do you think earnings will be better than people think? >> so disappointing right now, it might surprise you on the upside. wall street has done a great of down playing the expectations so much we could be seeing a surprise to the upside. to that point, defi
alcoa particularly is very interesting because of their subsegment, auto, aero, packaging, truck, all of these are very, very important data points we'll get tomorrow and i think -- kyle does an amazing job of giving detail. that's the conference call you want to listen to. >> alcoa set the tone for this past earning season, came in better than expected, earnings ended up being pretty strong. so it really does have a huge impact, guys, simon baker how do you read this >> i was...
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stock market but we are expecting with earnings season beginning tomorrow, excluding alcoa, could accept lower earnings expectations, which is the worst postrecovery we have seen in a recession in a long time. we need to recommend cautious optimism. >> all right. chad, over to you. >> two things for tomorrow, alcoa, reporting after the close, expect about a 13% decline in revenues as well as the nfib small business survey is going to come out. that is going to be a little bit bettha
stock market but we are expecting with earnings season beginning tomorrow, excluding alcoa, could accept lower earnings expectations, which is the worst postrecovery we have seen in a recession in a long time. we need to recommend cautious optimism. >> all right. chad, over to you. >> two things for tomorrow, alcoa, reporting after the close, expect about a 13% decline in revenues as well as the nfib small business survey is going to come out. that is going to be a little bit bettha
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but alcoa's a good barometer. but the great thing about alcoa is it's really a better company. but they moved into europe, they have gigantic europe and asian exposure. but they make aluminum. so the dogs won't eat it. this is like new and improved dog food that dogs aren't eating it. in the end, the dogs have to eat the stuff, you know? >> hopefully not a million screws. >> you were at petsmart this weekend -- >> i was. even though i don't own a pet, i like to go to petsmart. >> did you go to costco -- i tweeted my cart at costco. it's still a bargain. >> was this before or after the three fumbles by michael vick? >> that was -- >> tough sunday. >> very tough. and watch the giants. victor cruz, he's better than expected. i'm raising numbers. >> td to reception ratio. >> i'm taking his outlook up. it's not just currency. >> with a side bet on reuben randall, i assume? >> yes. >> speaking of tough, a tough couple of days for shares of apple, trading below the 50-day moving average. foxconn denying rumors of a work stoppage. there had been two incident of disputes. but foxconn sa
but alcoa's a good barometer. but the great thing about alcoa is it's really a better company. but they moved into europe, they have gigantic europe and asian exposure. but they make aluminum. so the dogs won't eat it. this is like new and improved dog food that dogs aren't eating it. in the end, the dogs have to eat the stuff, you know? >> hopefully not a million screws. >> you were at petsmart this weekend -- >> i was. even though i don't own a pet, i like to go to petsmart....
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the aluminum company alcoa kicking things off on tuesday. investors aren't overly optimistic. analysts expect profits at u.s. companies fell 1.5% last quarter. >>> the germ mance chance lower will travel this week to pleat with the greek -- the german chancellor will travel to greece this week to meet with the leaders there about if i nabs. >>> good news this year's increase in -- finances. >>> good news, this year's increase in tuition in the united states is the smallest in many years. >>> game show, the price is right, hired its first shirtless male model. rob wilson is his name. the boston native beat out hundreds for the chance to become the show's first male model. >> i love the stick soldier on his flesh. >> check out the lines. they all turned up for a casting call a couple of weeks ago. they had a chance to strut their stuff. >> reporter: i was robbed. >> howard said he was robbed. then the viewers had a chance to vote online. rob says he is looking forward to his first day on the job. >> probably a little bit of nervous jitters. i hope the price is right crew likes m
the aluminum company alcoa kicking things off on tuesday. investors aren't overly optimistic. analysts expect profits at u.s. companies fell 1.5% last quarter. >>> the germ mance chance lower will travel this week to pleat with the greek -- the german chancellor will travel to greece this week to meet with the leaders there about if i nabs. >>> good news this year's increase in -- finances. >>> good news, this year's increase in tuition in the united states is the...
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big week on wall street alcoa unofficially kicks off fresh earnings season tomorrow. if you in a big hurry, here's something that might steer away from burger king. drive-thrus are the if the business according to report, wendy's has the fastest, followed by taco bell, mcdonald's comes in fifth out of seven. of view. >>> this is amazing, scary too. convenience store clerk got the closest call of his life after a driver came crashing through the front door of the store. the store's camera caught it on tape, truck through the front door of this liquor store in carmichael. it pinned aúcmkyr'ed employee behind the counter luckily he only suffered a few bumps and scratches place arrested the driver for drunk driving. >>> hot-air balloon festival in arizona had scary moments one balance boon caught fire during -- one balloon caught fire. it was being filled up with propane when the tether rope snapped and caused flames to ignite. pilot steered the balloon away from the crowd. it landed half mile away. no one was injured. >>> take a look, fight broke out between two dining
big week on wall street alcoa unofficially kicks off fresh earnings season tomorrow. if you in a big hurry, here's something that might steer away from burger king. drive-thrus are the if the business according to report, wendy's has the fastest, followed by taco bell, mcdonald's comes in fifth out of seven. of view. >>> this is amazing, scary too. convenience store clerk got the closest call of his life after a driver came crashing through the front door of the store. the store's...
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earnings season gets underway this week and the aluminum company, alcoa, will kick things off tomorrow. analysts expecting profits at united states companies to fall 1.5%, the worst performance since 2009. the investors keeping an eye on a big anniversary, five years ago this week the dow hit a record high of 14165, less than a year before the financial crisis of 2008. here's where we stand today. the dow is at 13610 after climbing 35 points friday, nasdaq down by 1. s & p 500 was down by half a point. >> a perfect storm of events, making gas prices sky high in california. a recent fire at a refinery, combined with a power failure at another plan and a pipeline shut down led to supply shortages on the west coast. the average price for a gallon of gas in california right now $4.4, that makes it -- $4.49, that makes it the highest in the nation. here at dc $3.73. >>> still ahead, voters in venezuela give their president six years more in office. >>> and more information about the deadly shooting of a border patrol agent is being revealed. >> stay with us we are back in two minutes. >>> d
earnings season gets underway this week and the aluminum company, alcoa, will kick things off tomorrow. analysts expecting profits at united states companies to fall 1.5%, the worst performance since 2009. the investors keeping an eye on a big anniversary, five years ago this week the dow hit a record high of 14165, less than a year before the financial crisis of 2008. here's where we stand today. the dow is at 13610 after climbing 35 points friday, nasdaq down by 1. s & p 500 was down by...
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. >> third quarter earning series kicks off with the giant alcoa. we want to know how american companies slowed down in europe and china and high oil prices. analysts say not so good. earnings per share of the s&p 500 will tall 2 and a quarter percent according to fact set. that would be the worst showing since the end of 2009. >> banks are really making banks on the over draft fees. >> until 2 years ago they could sign customers up for over draft protection programs. now thanks to new rules being imposed the feds they must get the client's permission first. over draft fees charged by banks rose from 38 billion last union to 31 and a half billion this june. that's a rise of 2 percent. even the number of being charged has dropped the worry is they are pulling them out of banks forever they are going to payday loans. it is changing. >> the banks were spelling it ought out for you. >> you have to pay tanks to everything they give you in writing. >> good to see you this morning. it is 11 after the hour. coming up they are permanent reminders of two fall
. >> third quarter earning series kicks off with the giant alcoa. we want to know how american companies slowed down in europe and china and high oil prices. analysts say not so good. earnings per share of the s&p 500 will tall 2 and a quarter percent according to fact set. that would be the worst showing since the end of 2009. >> banks are really making banks on the over draft fees. >> until 2 years ago they could sign customers up for over draft protection programs. now...
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third quarter earning season kicks offer tomorrow night with alcoa, the aluminum joint and the do you component. it's barometer for earning season. this earnings season is expected to be the weakest since the end of 2009 because essentially, company have cut everything that they can. they are doing so much more with less. the bar is low as it is and this is expected to be a pretty bad earnings season. they are expected to fall according to facts set by 2.7% in the third quarter. >> happy columbus day. >> yes. happy columbus day. we'll see you tomorrow. >> coming up next, a controversial message on metro and starting today, riders will see the signs. more on a judge's order placing a battle front and center. >> and there is plenty to talk about out of sunday's games, whether you were watching the nats or the redskins. we're back in just a moment. hey, what are you drinkin'? pumpkin coffee for the morning. and i've got my pumpkin k-cup packs for at home. now i can have my pumpkin coffee any time i want it. pumpkin's perfect. it's dunkin' with the press of a button. new pumpkin k-cup pac
third quarter earning season kicks offer tomorrow night with alcoa, the aluminum joint and the do you component. it's barometer for earning season. this earnings season is expected to be the weakest since the end of 2009 because essentially, company have cut everything that they can. they are doing so much more with less. the bar is low as it is and this is expected to be a pretty bad earnings season. they are expected to fall according to facts set by 2.7% in the third quarter. >> happy...
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10/12
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earnings season does kick off this afternoon when alcoa reports their quarter results. today is also the fifth anniversary of the dow hitting its all-time record high of 14,164. the dow is just 580 points off that mark. the dow did slip 26 to 13,583. the nasdaq fell 23 to 3112. >>> with a month to go before we head to the polls, several companies are rolling out election-themed pr stunts. pizza hut will give free pizza for life to nanyone who asks president obama or mitt romney if they prefer sausage or pepperoni at their town hall next week. the questions are prescreened but pizza hut is someone will ask anyway. they have cabbage patch dolls and jetblue will help anyone leave the country temporarily if the other guy wins in november, whoever the other guy is for that person. scott, back to you. >> all right, thank you much. >>> jon and mar larks sprint this morning says you can reserve your own custom vanity phone number like star star marla. it costs $3 a month. anyone using any other cell phone on any other service should be able to dial star star marla and get marla
earnings season does kick off this afternoon when alcoa reports their quarter results. today is also the fifth anniversary of the dow hitting its all-time record high of 14,164. the dow is just 580 points off that mark. the dow did slip 26 to 13,583. the nasdaq fell 23 to 3112. >>> with a month to go before we head to the polls, several companies are rolling out election-themed pr stunts. pizza hut will give free pizza for life to nanyone who asks president obama or mitt romney if they...
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alcoa will report -- these earnings are up in the air. alcoa earnings coming after the close tomorrow. predicting s&p 500 results will cr drop 2.6%. that would snap 11 straight quarters of gain, hence the worry, the tension, the anxiety of the companies that have issued guidance 78 have warned. but it may not be all that bleak. always seems to be better than people think. on average 72% of companies have beaten analysts over the past four years. so 72%, they know how to do this. governor jerry browns has ordered state plugs regulators to let gas stations start selling winter blend fuel. that will help ease hopefully record high gasoline prices. regular price hit $4.66 a balance and topping $5 in some area hes. winter blend gas is cheaper to make than summer grade. processed to produce less smog. great thing about california, most of the time you're not moving. you're just sitting there at $5 a gallon. >> the lundberg survey says national prices rose less than half a cent over the past two weeks. you didn't play the music if it's less than
alcoa will report -- these earnings are up in the air. alcoa earnings coming after the close tomorrow. predicting s&p 500 results will cr drop 2.6%. that would snap 11 straight quarters of gain, hence the worry, the tension, the anxiety of the companies that have issued guidance 78 have warned. but it may not be all that bleak. always seems to be better than people think. on average 72% of companies have beaten analysts over the past four years. so 72%, they know how to do this. governor...
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you can see dow down again 30 at the moment, and third quarter erjz kicking off tomorrow when alcoa reports. tdd#: 1-800-345-2550 when i'm trading, i'm so into it, tdd#: 1-800-345-2550 hours can go by before i realize tdd#: 1-800-345-2550 that i haven't even looked away from my screen. tdd#: 1-800-345-2550 tdd#: 1-800-345-2550 that kind of focus... tdd#: 1-800-345-2550 that's what i have when i trade. tdd#: 1-800-345-2550 tdd#: 1-800-345-2550 and the streetsmart edge trading platform from charles schwab... tdd#: 1-800-345-2550 ...helps me keep an eye on what's really important to me. tdd#: 1-800-345-2550 it's packed with tools that help me work my strategies, tdd#: 1-800-345-2550 spot patterns and find opportunities more easily. tdd#: 1-800-345-2550 then, when i'm ready... act decisively. tdd#: 1-800-345-2550 i can even access it from the cloud and trade on any computer. tdd#: 1-800-345-2550 with the exact same tools, the exact same way. tdd#: 1-800-345-2550 and the reality is, with schwab mobile, tdd#: 1-800-345-2550 i can focus on trading anyplace, anytime... tdd#: 1-800-345-2550 tdd#: 1-
you can see dow down again 30 at the moment, and third quarter erjz kicking off tomorrow when alcoa reports. tdd#: 1-800-345-2550 when i'm trading, i'm so into it, tdd#: 1-800-345-2550 hours can go by before i realize tdd#: 1-800-345-2550 that i haven't even looked away from my screen. tdd#: 1-800-345-2550 tdd#: 1-800-345-2550 that kind of focus... tdd#: 1-800-345-2550 that's what i have when i trade. tdd#: 1-800-345-2550 tdd#: 1-800-345-2550 and the streetsmart edge trading platform from...